Course price

Discounts

10% group discount is available for registering 3 or more participants from the same company.

Overview

We have two FuelEU Maritime 180 Seminars in December 2024, so just make sure to check the dates when signing up. 

The BIMCO 180 Seminar on FuelEU Maritime will focus on the essential contractual frameworks needed to navigate the shipping industry's new regulatory landscape. Specifically, we will highlight BIMCO's efforts to develop practical clauses that address the implications of the FuelEU Maritime Regulation, part of the EU’s “Fit for 55” package, which aims to reduce greenhouse gas emissions by 55% by 2030. This regulation presents significant challenges and opportunities for shipowners and operators.

To tackle these challenges, BIMCO has established a dedicated subcommittee to examine the FuelEU Maritime Regulation and develop relevant clauses. The subcommittee's goal is to create practical contractual solutions that facilitate compliance. Currently, it is working on a clause for time charter parties and another for SHIPMAN. It is also considering bunker supply terms and potential clauses related to the pooling mechanism introduced by the regulation. The FuelEU Maritime has the potential to significantly impact the shipping industry, possibly even more than the EU Emissions Trading System (ETS), requiring stakeholders to align their contractual frameworks ahead of the regulation's enforcement in 2025.

During the seminar, the content of the FuelEU clauses will be discussed. They will be designed to enable compliance and clarify responsibilities in time charter parties and bunker supply agreements. Participants will gain insights into key contractual considerations, including risk management and compliance mechanisms. Each session will conclude with an open Q&A, providing a platform for discussing best practices and strategies for aligning contractual frameworks with evolving regulatory requirements. The Q&A will be conducted via Zoom chat.

What will you learn?

Session 1: Overview of FuelEU and Its Impact on Maritime Transportation

Duration: 90 minutes

Objective: To equip participants with a commercial understanding of the FuelEU Maritime Regulation, its goals, and its implications for the maritime industry.

1. Introduction to FuelEU Maritime
• Overview of the EU’s “Fit for 55” package
• Objectives of FuelEU Maritime: reduction of greenhouse gas emissions by at least 55% by 2030
• Explanation of how FuelEU supplements existing regulations (EU ETS, CII ratings, etc.)
2. Mechanics of FuelEU Maritime
• Overview of well-to-wake greenhouse gas (GHG) emission intensity requirements
• Explanation of GHG emissions calculation (extraction, production, transportation, and usage)
• Scope of the regulation: applicability to vessels over 5,000 GT and specific operational requirements
3. Reduction Targets and Compliance
• Discussion of reduction targets (2% reduction in 2025, up to 80% by 2050)
• Responsibilities for compliance: role of the ISM company
• Overview of compliance mechanisms (certified fuels, banking surpluses, pooling, and penalties)
4. Additional Regulatory Requirements
• Introduction to the additional requirements for zero emissions at berth from 2030
• Importance of the FuelEU Monitoring Plan and submission deadlines
5. Q&A and Discussion
• Open floor for participant questions and discussions

 

Session 2: Commercial and Contractual Implications of FuelEU

Duration: 90 minutes

Objective: Provide participants with insights into how FuelEU Maritime impacts commercial practices and contractual agreements in the shipping industry.

1. Compliance planning 
• Regulatory measuring sticks (energy used, pr ship, annually and verification)
• Penalties
• Pooling mechanisms 
• Banking and borrowing
• Non-compliance consequences
2. Commercial Strategies in Response to FuelEU
• Responsible party and negotiation room
• Charterers’ perspective
• Owners’ perspective
• Holder of Document of Compliance’s perspective
3. Fuel Supply and Certification
• Strategic considerations for fuel procurement and decision-making power
• Certification
• Bunker supply terms and BDN
4. Contractual Frameworks and Clauses
• Subcommittee constellation and development of BIMCO clauses
• FuelEU Maritime Clause for ship management agreements (SHIPMAN)
• FuelEU Maritime Clause for time charter parties 
• Other BIMCO FuelEU Maritime Clauses
5. Q&A and Discussion
• Open floor for participant questions and discussions

 

18-19 December

Starting time (for both sessions 1 and 2):

09:00 UTC, 10:00 CET

See the time in your local time zone.

 

Why choose to participate?

Participating in the BIMCO 180 Seminar on FuelEU Maritime is an invaluable opportunity for maritime professionals seeking to navigate the complexities of the new regulatory landscape. As the industry faces the pressing challenge of reducing greenhouse gas emissions by 55% by 2030 under the EU’s “Fit for 55” package, understanding the implications of the FuelEU Maritime Regulation is essential. This seminar offers a comprehensive overview of the regulation, its goals, and its impact on the shipping industry, equipping participants with the knowledge needed to adapt to these changes.

The focus on BIMCO’s FuelEU clauses—currently in development—ensures attendees will gain practical insights into creating compliant contractual frameworks. With dedicated sessions on both the regulatory mechanics and the commercial implications of FuelEU, participants will learn about essential considerations such as risk management, compliance mechanisms, and negotiation tactics. The open Q&A sessions provide a unique platform for participants to engage with experts, discuss best practices, and collaborate on strategies to align contractual obligations with evolving regulations.

By participating, attendees position themselves and their organisations at the forefront of the industry's transition to a more sustainable future, making this seminar an essential investment in professional development and compliance readiness.

How will this course help your professional development?

The BIMCO 180 Seminar on FuelEU Maritime positions maritime professionals to navigate the industry's evolving regulatory landscape, particularly considering the EU’s “Fit for 55” package, which aims to reduce greenhouse gas emissions by 55% by 2030. BIMCO's expertise in developing standard contracts and clauses is instrumental in addressing the implications of the FuelEU Maritime Regulation.

Participants will gain critical insights into BIMCO’s tailored FuelEU clauses, which facilitate compliance within contractual frameworks. This seminar enhances negotiation and risk management skills, proactively enabling attendees to address commercial challenges.

Course materials

BIMCO issues electronic course files as an Adobe PDF file enabling you to make personal notes. All documentation and presentations will be in English. Course access details will be provided a week before the course start date if the registration is completed.

Speakers

Organiser